Modest home draws 29 registered bidders to hot auction
Plenty of buyers have been left disappointed after missing out on a property that generated a jaw-dropping amount of interest.
In what was an early visit from the Easter bunny, just one week prior to what was recorded as the city’s quietest April holiday weekend since 2012, the vendor of this south west Sydney home watched it sell at auction with an incredible 29 registered bidders.
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Agent Blaz Dejanovic from Ray White Wetherill Park and Cecil Hills said auctioneer James Curley confirmed the home at 30 Salter Rd, Bossley Park, had the state’s highest number of registrations for that weekend.
The auction action saw bidding open at $700,000 before hot competition from seven active parties pushed the sale price up to $877,000.
“There were a couple of reasons why it was so popular; the house is on a 648 sqm block with dual street frontage and it has a great layout for a single-storey house, which many people are looking for,” Mr Dejanovic said.
“Our office held four auctions that day and a lot of people had missed out on the other three, so when that auction came around at 4pm it was a do or die scenario,” he said.
The floorplan of the modest home reveals four bedrooms, a formal loungeroom, a separate dining room and an open-plan kitchen and main living area.
A covered entertainment space spanning 12.6m x 4.2m branches off the large, updated kitchen which features stone benchtops and a breakfast bar.
There are also two bathrooms, including an ensuite to the main, plus a single car garage.
Mr Dejanovic said the owner who was looking to upgrade had already bought a five-bedroom house in a nearby street, and was eager to sell.
“He tried to sell this privately and was hoping for $800,000 but didn’t get it, so we put it on the market and contacted many of our database buyers ahead of auction day,” he said.
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While the bulk of buyers were a mix of downsizers and desperate first-timers, the property sold to a family searching for an investment opportunity.
They plan to build a granny flat on site and potentially live in the main residence.
About 30km from the city, Bossley Park has a median house price of $810,000. CoreLogic data shows there were 149 homes sold there in the 12 months to January.